PayPal bought Hyperwallet for Ripple XRP?
PayPal agreed to enter into a $ 400 million deal to acquire Fintech Hyperwallet Systems Inc. But has the company paid for processing payments for the acquisition using cash or using the Ripple (XRP) crypto currency?
Since its inception in 2000, Hyperwallet has reached such heights that now it can make payments between more than 200 countries, and in several ways. Payments can be transferred in the form of bank transfers, payments to PayPal or debit cards.
As a result, Hyperwallet has become a reliable way for many people and companies to receive payments for goods and services sold through Internet markets. Among companies using Hyperwallet, are Amazon.com, Uber, WeChat, Air BnB and HomeAway.
PayPal publicly reports that the acquisition of Hyperwallet helps the company handle payments for even more people around the world.
Nevertheless, PayPal also reports equally that it refuses to use crypto currency as payments. So, in light of this negativity with respect to Ripple, can PayPal use XRP to facilitate the acquisition of Hyperwallet?
Possible links between XRP and Hyperwallet
There were some threads connecting Hyperwallet to Ripple. In 2015, Gina Knight, senior vice president of treasury and operations at Hyperwallet, publicly published in the company's blog that "Ripple can become a mechanism for expanding the coverage of real-time payments around the world."
Back in 2013, Hyperwallet entered into an agreement with Earthport Network to provide more competitive payment services. By 2015, the discovery of Earthport announced its partnership with Ripple.
It is clear that Amazon uses Hyperwallet for a certain number of international payments. In addition, Hyperwallet cooperates with Earthport, which actively cooperates with Ripple.
The acquisition finally allowed PayPal to participate in the payment processing part for Amazon.com's massive online base.
However, the final link between Hyperwallet, Earthport and Ripple is that PayPal uses an XRP token to facilitate certain types of payments.
Although everything may seem logical, there is simply no direct evidence that PayPal paid for Hyperwallet using crypto currency.
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